Business - Page 226

Global Trade To Surge By 2.3% In 2024 - World Bank

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

The World Bank has projected Nigeria’s inflation to drop to 15.1% by 2026. In a report by the World Bank titled “African Pulse,” Nigeria’s economic outlook was examined, with a focus on

Emmanuel Ochayi

April 9, 2024

Business·News

NACCIMA Urges Release Of 2024 Fiscal Policy To Tackle Economic Uncertainties

NACCIMA, representing the interests of businesses across Nigeria, has formally reached out to the Minister of Finance, Olawale Edun, emphasizing the urgent need for the disclosure of the 2024 government fiscal policy.

Emmanuel Ochayi

April 9, 2024

Fuel Subsidy: World Bank Must Allow Africa’s Poor Breathe

Africa·Business·News·World News

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

The World Bank highlighted disparities in trade costs across African countries compared to the United States. According to the report, trade expenses in nations like Nigeria and Ethiopia are four to five

Emmanuel Ochayi

April 9, 2024

Naira Further Appreciates At Official Market

Business·Currency

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

A financial analyst and educator, Kalu Ajah, has highlighted the implications of forex sales to Bureau de Change (BDC) operators by the Central Bank of Nigeria (CBN) at a lower rate.

Victor Ezeja

April 9, 2024

Nigerian Equities Surge To Global Top 3, As Returns Hit N8.7trn

Business·Markets·News

NGX Investors Witness N220bn Loss Amidst Market Volatility

NGX Investors in the Nigerian equities market found themselves grappling with a loss of N220 billion as trading came to a close on Monday. This downturn was underscored by the dip in

Emmanuel Ochayi

April 9, 2024

71.4% Of Nigerians Call For Interest Rate Reduction – CBN Survey

Business·Currency·Finance & Economy·News

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

The Central Bank of Nigeria (CBN) has tightened regulations surrounding loan collaterals, specifically targeting the use of foreign currencies.

Emmanuel Ochayi

April 9, 2024

Africa·Business·News

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

Nigeria is gearing up to receive a significant financial injection of $1.05 billion from Afreximbank, set to be unleashed next month. This syndicated loan, intricately linked to the nation’s oil reserves, aims

Emmanuel Ochayi

April 9, 2024

Nigerian Govt Spends ₦380bn On Electricity Subsidy In Q2 2024 — NERC

Business·News

DisCos Blame Technical Glitches For Inability To Maintain 20-Hour Power Supply

Several electricity distribution companies, commonly known as DisCos, are facing challenges in providing the mandated 20-hour power supply to customers on Band A feeders. This failure has led to apologies and explanations

Emmanuel Ochayi

April 9, 2024

$2bn Stolen In Cryptocurrencies In 2023 - Report

Business·Markets·News·World News

Cryptocurrency Market Set To Double To $5bn By End Of 2024, Ripple CEO Predicts

Ripple CEO Brad Garlinghouse made a bold prediction, foreseeing the cryptocurrency market’s capitalization reaching a whopping $5 trillion by the year’s end. This forecast, he says, is underpinned by two significant developments:

Emmanuel Ochayi

April 8, 2024

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·News·Oil & Gas

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

The Nigerian National Petroleum Company Limited (NNPCL) is facing scrutiny over its sluggish repayment of $3 billion debt owed to oil traders for imported petrol. Despite making progress in clearing the overdue

Emmanuel Ochayi

April 8, 2024

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Business - Page 226

Nigeria’s Inflation Expected To Drop To 15.1% In 2026, Says World Bank

NACCIMA Urges Release Of 2024 Fiscal Policy To Tackle Economic Uncertainties

World Bank: Trade Cost In Africa 5 Times Higher Than United States, Cites Insecurity, Poor Infrastructure, Others As Causes

Economic Expert Highlights Implications Of CBN’s Forex Sales To BDCs

NGX Investors Witness N220bn Loss Amidst Market Volatility

Why CBN Banned Use Of Foreign Currency Collaterals For Naira Loans

Nigeria To Receive $1bn Afreximbank Loan In May For Bolstering Economy

DisCos Blame Technical Glitches For Inability To Maintain 20-Hour Power Supply

Cryptocurrency Market Set To Double To $5bn By End Of 2024, Ripple CEO Predicts

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

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